Question: Your answer is partially correct. Try again. Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for 2020 are

 Your answer is partially correct. Try again. Nordstrom, Inc. operates department

Your answer is partially correct. Try again. Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for 2020 are presented below. End of Year Beginning of Year $ 965 $ 83 Cash and cash equivalents Accounts receivable (net) Inventory 2,300 2,200 1,000 1,000 Other current assets 375 349 Total current assets $4,640 $3,632 Total current liabilities $2,320 $1,841 For the year, net credit sales were $9,450 million, cost of goods sold was $6,100 million, and net cash provided by operating activities was $1,264 million. Compute the current ratio, accounts receivable turnover, average collection period, inventory turnover, and days in inventory at the end of the current year. (Round answers to 1 decimal place, e.g. 1.6.) X Current ratio 2.1 :1 Accounts receivable turnover 14.2 times Average collection period 186.9 days Inventory turnover 6.1 times Days in inventory 59.8 days

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